Selway Asset Management boosted its stake in Nike, Inc. (NYSE:NKE) by 1.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 49,050 shares of the footwear maker’s stock after buying an additional 548 shares during the period. Nike makes up approximately 1.5% of Selway Asset Management’s holdings, making the stock its 22nd largest position. Selway Asset Management’s holdings in Nike were worth $2,734,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Nike during the fourth quarter valued at $463,411,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new stake in Nike during the fourth quarter valued at $165,446,000. Russell Investments Group Ltd. bought a new stake in Nike during the fourth quarter valued at $157,179,000. State Street Corp boosted its stake in Nike by 4.6% in the fourth quarter. State Street Corp now owns 58,719,250 shares of the footwear maker’s stock valued at $2,984,719,000 after buying an additional 2,563,166 shares during the period. Finally, Asset Management One Co. Ltd. boosted its stake in Nike by 769.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,306,093 shares of the footwear maker’s stock valued at $117,260,000 after buying an additional 2,040,975 shares during the period. Institutional investors and hedge funds own 65.55% of the company’s stock.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

Nike, Inc. (NKE) traded down 3.61% during mid-day trading on Friday, hitting $50.99. The stock had a trading volume of 14,110,498 shares. The firm has a market cap of $84.17 billion, a P/E ratio of 21.27 and a beta of 0.47. Nike, Inc. has a 1-year low of $49.01 and a 1-year high of $60.33. The stock has a 50 day moving average of $53.46 and a 200-day moving average of $54.14.

Nike (NYSE:NKE) last announced its quarterly earnings data on Tuesday, March 21st. The footwear maker reported $0.68 EPS for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.15. The firm had revenue of $8.43 billion for the quarter, compared to analyst estimates of $8.47 billion. Nike had a return on equity of 32.97% and a net margin of 12.02%. The business’s quarterly revenue was up 5.0% compared to the same quarter last year. During the same period last year, the company earned $0.55 EPS. Analysts predict that Nike, Inc. will post $2.41 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Monday, June 5th will be given a $0.18 dividend. The ex-dividend date is Thursday, June 1st. This represents a $0.72 dividend on an annualized basis and a yield of 1.36%. Nike’s payout ratio is 30.00%.

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A number of equities analysts recently commented on the stock. Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 target price on shares of Nike in a research report on Wednesday, March 22nd. Deutsche Bank AG cut their price target on shares of Nike from $66.00 to $64.00 and set a “buy” rating on the stock in a report on Wednesday, March 22nd. Wedbush reaffirmed a “neutral” rating and set a $52.00 target price on shares of Nike in a research note on Wednesday, March 22nd. Stifel Nicolaus cut their target price on shares of Nike from $68.00 to $66.00 and set a “buy” rating on the stock in a research note on Wednesday, March 22nd. Finally, Goldman Sachs Group, Inc. (The) lifted their price target on shares of Nike from $61.00 to $62.00 and gave the company a “buy” rating in a research report on Wednesday, March 22nd. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-two have issued a buy rating to the company’s stock. Nike presently has a consensus rating of “Hold” and an average target price of $60.47.

In other Nike news, CAO Hilary K. Krane sold 65,000 shares of the stock in a transaction on Tuesday, April 18th. The stock was sold at an average price of $56.00, for a total value of $3,640,000.00. Following the transaction, the chief accounting officer now directly owns 270,795 shares in the company, valued at approximately $15,164,520. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Eric D. Sprunk sold 50,000 shares of the stock in a transaction on Wednesday, March 29th. The shares were sold at an average price of $57.00, for a total value of $2,850,000.00. Following the completion of the transaction, the insider now owns 300,108 shares in the company, valued at $17,106,156. The disclosure for this sale can be found here. Insiders sold a total of 379,000 shares of company stock worth $21,213,800 over the last quarter. Corporate insiders own 3.90% of the company’s stock.

About Nike

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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